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I added more ATTO on the post earnings sell off. I think intrinsic value ($80+) is higher post these results off of the strong sales but the market is selling ATTO off based on a perceived disappointment in margins in Q1. Full year EBITDA margin guidance is unchanged and with stronger sales, should end up higher than previously anticipated. 
 

 

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On 5/6/2021 at 1:21 PM, SafetyinNumbers said:

I added more ATTO on the post earnings sell off. I think intrinsic value ($80+) is higher post these results off of the strong sales but the market is selling ATTO off based on a perceived disappointment in margins in Q1. Full year EBITDA margin guidance is unchanged and with stronger sales, should end up higher than previously anticipated. 
 

 

Well, me too.

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Bought some YALA. It's a Middle-Eastern voice-centric social media company that grew the top line by 40% since last quarter and 240% YoY.

When you look at valuation, the company has a run-rate PE in the low-20s based on Non-GAAP Income (which just excludes share-based compensation) or the 40s based on GAAP income. And it has an EV to run-rate sales ratio of about 10.

I'd guess that, because of the voice-centric nature of the business, the pandemic may have provided a tailwind. But, even if tailwinds are potentially going away, I'm still happy to buy a company at a 20 PE that has a moat based on network-effects and is growing the top line by 100%+.

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Added a few shares of CPNG after hours. Still not really a material position and I still think tech has some ways to fall, but after spending a bit of time on it, I also think this is a very promising company and a reasonable proxy for SK growth. At the least its worth keeping an eye on. 

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22 hours ago, RichardGibbons said:

Bought some YALA. It's a Middle-Eastern voice-centric social media company that grew the top line by 40% since last quarter and 240% YoY.

When you look at valuation, the company has a run-rate PE in the low-20s based on Non-GAAP Income (which just excludes share-based compensation) or the 40s based on GAAP income. And it has an EV to run-rate sales ratio of about 10.

I'd guess that, because of the voice-centric nature of the business, the pandemic may have provided a tailwind. But, even if tailwinds are potentially going away, I'm still happy to buy a company at a 20 PE that has a moat based on network-effects and is growing the top line by 100%+.

Thank you for posting, because now I can say this. Yalla yalla bills, y’all.

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On 5/10/2021 at 11:07 AM, John Hjorth said:

Added further to BAM today.

[I'm now "maxed out" [in the sense of being basically fully invested, without any use of any kind af leverage, except deferred taxes on taxable accounts]].

John, i must say, i was a bit surprised to see you start a position on BAM. I always saw you as sticking with the devil-that-you know-like story (yr long term holding on BRK). That said, glad to see you joining BAM.

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